this post was submitted on 14 Sep 2023
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Credit cards allow chargebacks. Huge advantage for the consumer to get back their money from theft or scams. With crypto, once its gone, its gone (like cash or other physical possessions).
I've never been unable to make a payment using my credit card therefore your anecdote is invalid.
Meanwhile I've made chargebacks on my credit card after being ghosted by the seller and never receiving anything. Nothing to do with having my info stolen. You're shit out of luck if that happens with crypto.
you when you learn trusted escrows exist: 😮😮😮
"Just regulate this currency that is supposed to be deregulated"
Or just use normal money and get all the security features without jumping through hoops and trusting scummy crypto exchanges that have been scamming users left, right and centre.
I think this situation is a lot less common than you think.
More to the point, use a debit card if that is your gripe. Then you can just deal with an empty account rather than a declined card.
Just like you've never had crypto stolen, I've never had a debit card stolen, so by our combined anecdotes both are equally secure.
True, but it can be mitigated by simply calling your bank, telling them the transaction isn't fraudulent, and then it'll allow every transaction to that vendor going forward.
You're a bad liar.
Sounds to me like you're living in a third world shithole with a terrible banking system. Maybe in your case crypto makes sense as an alternative, but that's not how it is in the rest of the world.
Sorry, you must be new to Lemmy. Here, talking about cryptocurrencies in any positive light is considered bad taste, and you absolutely deserve any flak you may receive for this transgression.
/s
the text is sarcastic but the circlejerk is realedit: I agree cryptocurrency is not good but people here act like it's going to personally shoot your dog
That is most of the internet though, and for good reason.
Except for maybe the crypto bro bubbles and the crypto exchanges where they invent new scams.
why should we talk positively about a ponzi scheme?
are you also going to defend MLMs?
They could also accept paypal
Paypal is horrible.
The fact that every crypto fanboy has their own favorite “currency” only adds to the joke. I guess crypto is so decentralized it cant even work.
See if they will accept barter, and you can pay them in potatoes, or turnips, or carrots. If you buy them in a state that doesn't tax groceries you'll only have to pay for cost of transport to wherever the student loan place accepts vegetables!
Just tell them they have to accept whatever weird thing you consider currency!
So instead you pay 1-4% in order to exchange your money to nano, and give that money to scummy crypto exchanges. Well done.